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Oh, it has to do with the fact that he points out the history of debt crises in which moral outrage hinged around things like enslaving your own people to pay for debts. If you want I'll look for his actual quote and his footnote, to see if he was referring to Nehemiah o something else.

What I'm saying is that it is a moral outrage that European "solidarity" allows what's going on in Greece (and to a lesser extent in Portugal or Spain - but we'll get there).

Look, I'm 35 years old and I've been a convinced pro-European all my adult life. I'm a hair's breadth away from changing that statement to "I've drunk the European kool-aid".

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Sat Feb 18th, 2012 at 05:13:50 PM EST
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